Colombia: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Colombia

After four years of growth, the Colombian glass in the mass market decreased by -14.4% to $X in 2022. In general, consumption showed a deep setback. Glass in the mass consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Glass in The Mass in Colombia

In value terms, glass in the mass production declined markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 5,129,200%. Over the period under review, glass in mass production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Glass in The Mass

Exports from Colombia

In 2022, exports of glass in the mass from Colombia contracted rapidly to X tons, with a decrease of -54.7% compared with the previous year. Overall, exports saw a sharp slump. The most prominent rate of growth was recorded in 2017 with an increase of 681% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, glass in the mass exports soared to $X in 2022. In general, exports saw a dramatic curtailment. The growth pace was the most rapid in 2017 when exports increased by 1,248% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Aruba (X tons) and Costa Rica (X tons) were the main destinations of glass in the mass exports from Colombia, together accounting for 94% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +4.2%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for glass in the mass exports from Colombia, comprising 80% of total exports. The second position in the ranking was taken by India ($X), with a 16% share of total exports. It was followed by Costa Rica, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Costa Rica (-43.4% per year).

Export Prices by Country

The average glass in the mass export price stood at $X per ton in 2022, rising by 184% against the previous year. Overall, the export price recorded a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Aruba ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+26.8%), while the prices for the other major destinations experienced a decline.

Imports of Glass in The Mass

Imports into Colombia

In 2022, after two years of growth, there was decline in supplies from abroad of glass in the mass, when their volume decreased by -4.4% to X tons. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2014 when imports increased by 1,757%. Over the period under review, glass in mass imports hit record highs at X tons in 2021, and then dropped slightly in the following year.

In value terms, glass in the mass imports shrank to $X in 2022. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 10,340% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ecuador (X tons) was the main glass in the mass supplier to Colombia, accounting for a 91% share of total imports. Moreover, glass in the mass imports from Ecuador exceeded the figures recorded by the second-largest supplier, Panama (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 0.7% share.

From 2012 to 2022, the average annual growth rate of volume from Ecuador amounted to +68.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+46.4% per year) and China (+21.6% per year).

In value terms, Ecuador ($X) constituted the largest supplier of glass in the mass to Colombia, comprising 64% of total imports. The second position in the ranking was taken by the United States ($X), with a 22% share of total imports. It was followed by China, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ecuador totaled +72.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+24.1% per year) and China (-0.6% per year).

Import Prices by Country

In 2022, the average glass in the mass import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by 462%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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